Dollar edges away from recent lows

Dhaka,  Sat,  29 April 2017
Published : 20 Apr 2017, 14:33:02
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Dollar slightly higher ahead of French election 

Dollar edges away from recent lows
The dollar caught its breath in Asian trading on Thursday, holding above lows hit earlier this week as investors awaited this weekend's first round of voting in France's presidential election.

The dollar index, which tracks the US currency against a basket of six major rivals, was slightly higher on the day at 99.752.DXY, moving away from a three-week low of 99.465 plumbed on Tuesday.

The euro edged up 0.1 per cent to $1.07200 EUR=, and was expected to tread water ahead of this weekend's vote.

The benchmark 10-year US Treasury yield stood at 2.205 per cent US10YT=RR in Asian trade, edging up from the US close of 2.202 per cent on Wednesday.

Sterling added 0.2 per cent to $1.2797 GBP= after notching a more than six-month high of $1.2908 on Tuesday following British Prime Minister Theresa May's call for an early general election, reports Reuters.
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